1850 S Camino Real, Palm Springs, CA 92264
- $3,895,000
- 26
- BD
- 26
- BA
- 16,600
- SqFt
- List Price
- $3,895,000
- Status
- ACTIVE
- MLS#
- 26669731PS
- Year Built
- 1976
- Bedrooms
- 26
- Bathrooms
- 26
- Living Sq. Ft
- 16,600
- Lot Size
- 53,143
- Acres
- 1.22
- Lot Location
- Corners Marked, Landscaped
- Days on Market
- 136
- Property Type
- Multifamily
- Stories
- One Level
Property Description
A rare multifamily offering in one of Palm Springs' most sought-after locations, delivering 13 single-level units across three well-positioned structures. The unit mix is anchored by eleven oversized 2-bedroom, 2-bath residences averaging approximately 1,200 sq ft, complemented by two exceptional premium units spanning roughly 1,700 sq ft each featuring 2 bedrooms, 2 bathrooms, a den, expansive primary suites with oversized walk-in closets, and direct-entry 1-car garages with laundry hookups. Many units open onto a central pool/spa with tremendous mountain views and the rest open onto expansive central lawns. The asset has demonstrated consistent income growth, increasing from $265,440 in 2023 to $301,629 in 2025, with continued upward momentum into 2026. Current operations reflect elevated expenses of approximately 48%, presenting a clear and immediate opportunity to streamline to a more typical 35-40% range. Based on current averaged expenses and 2026 rent actuals the offering presents at an approximate 4.5% cap rate, with additional upside driven by both operational efficiencies and the underutilized premium unit mix. DO NOT ACCESS ANY PORTION OF THE PROPERTY WITHOUT LISTING AGENT PRESENT. DO NOT ENGAGE WITH TENANTS. 22 off-street parking spots and owned laundry facilities.
Additional Information
- Association Amenities
- Pool, Spa/Hot Tub
- Appliances
- Dishwasher, Refrigerator
- Pool Description
- Community, Association
- Fireplace Description
- Den, Kitchen, Living Room, Outside
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s), Pool
- Exterior Construction
- Stucco
- Patio
- Concrete
- Roof
- Foam
- Garage Spaces Total
- 2
- Sewer
- Sewer Tap Paid
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 13
Listing courtesy of Listing Agent: James Gault (james@ps760.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.